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Global Over the counter drugs market

  • Published Date: 24 Oct 2018
  • Number of Pages: 206
  • Category: Healthcare and Medical
  • Country: Global
Over the counter drugs are the ones which can be taken without prescription. This market deals with the products like analgesics, cough, cold and flu products, dermatological products, gastrointestinal products, vitamins, minerals, weight loss products, sleep aids, ophthalmic products, smoking cession aids and other products. The global market for these drugs is valued at XX. Keeping in mind the historical trends the global market is expected to grow at XX over the forecast period.

Market Dynamics

The ease of availability of these drugs is a major factor which drives the growth of the market. The increasing awareness regarding the use of such drugs to cure minor medical issues, their low price, the affordability of such drugs stokes the growth of the market.

However, the high possibility of substance abuse is a challenging issue. Lack of awareness in the people from the rural areas in the under-developed and developing nations is a major setback to the growth of the market. Also, incorrect dosage of drugs can lead to other major side effects.

Market Segmentation

The Global over the counter drugs market is segmented on the basis of type of product and geography. On the basis of product type, the market is partitioned into the following:

--> Analgesics & pain relievers

--> Cough, cold and flu products

--> Dermatological products

--> Vitamin supplements

--> Mineral supplements

--> Gastrointestinal products

--> Sleep aids

--> Weight loss products

--> Smoking cession aids

--> Ophthalmic products

Analgesics & pain relievers, cough, cold and flu products, vitamin supplements, dermatological products, and mineral supplements have a major chink of the market share. With the increasing awareness with regard to leading a healthy lifestyle, the sales of smoking cession aids, and weight loss products has been on the rise. Also, with the busy lifestyle, people often resort to vitamin supplements to cater to the health needs.

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Geographical Analysis

North America leads the market on the grounds of revenue, followed by Europe. USA, Germany, France, China and Japan contribute more than 50 per cent of the market. This lead can be attributed to the awareness of people regarding the cure of minor health problems. The Asia Pacific region is expected to grow at a high rate because of more and more investment in the healthcare sector by various governments in the region. Also, large population is a major factor that stimulates the growth of this market. According to the report, the US markets growth rate is likely to decline in the coming years.

Key Players

Some of the key players in the market are:

--> Bayer

--> BoehringerIngelheim

--> GSK

--> Novartis

--> Pfizer

--> PGT healthcare

--> Sanofi

--> Johnson and Johnson

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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